Accountancy

Preparation and submission of these annually to Companies House and HMRC is a statutory requirement on the directors. So, most business owners appoint an accountant to get it right, knowing it’s complex with high penalties for getting it wrong. We don’t wait for them to come knocking but engage with you well before the year end when there is still time to make beneficial changes to invoicing, purchasing and grant applications.

An essential chore that costs a lot in salary to do inhouse and more in accountancy fees if not done well. Using shared online technology, we stay on top of it and ensure that it is properly structured to make budgeting, management accounting and cashflow forecasting simple and effective. And full compliance ensures safety!

Another necessary chore that is best done by accountants given its complexity and sensitivity especially given HMRC added scrutiny of its Employment Act extensions and benefits in kind levies. Added to which is compliance with industry schemes such as CIS.

This is about strategies well worked out in advance rather than after the event. It has many strands affecting the business, the people in it and the owner. The list is too long to recite here. We stay close to clients on this, taking into account what is happening internally, externally, and in the legal and political environment to develop strategies that minimise payments and maximise grants and refunds.

Often overlooked until problems arise, we keep your company’s legal records in order at all times to ensure that share transfers, memorandum and articles, board meetings, agendas and minutes and so forth are properly recorded and transacted to keep the directors safe. This is especially important given new Companies House rules about Director IDs and PSC.